HOW OUR DAY WENT:
The higher open was a short and the
ES dropped 10 points to 1070.25 and quickly reversed.
We were looking for a reversal to the upside to occur
in the first 40 minutes, and that happened about 30
ninutes into the day. The market was a lot stronger
than expected, and we got caught on one shorting attempt,
but then found support to buy on the way to the the
1091.25-1091.75 area on the ES and 1766.00-1766.50
resistance area on the NQ.
Good Trading,
Mike Reed
TradeStalker.com
This publication's primary focus is trading the index
futures. However, you can also use my nightly updates to
trade the following ETF's (SPY), (QQQQ), (SDS), (QID),
(DIA), and (DOG)
Thursday, October 22, 2009
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